Moratorium Leads to Abrupt Production Declines

By: Steve Maley (Diary)  |  December 14th at 07:00 PM  | 

Offshore oil and gas wells typically are able to produce at high rates at the beginning of their lives. Reserves are not infinite, so that means a rapid natural rate of decline as reserves deplete. “Reserve replacement” is a big issue; we often say that every day that you don’t replace production in the oilfield means you’re just slowly going out of business. How do | Read More »